SEC Filing Analysis: Stokes Capital Advisors, LLC (13F-HR)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Stokes Capital Advisors, LLC filed its quarterly Form 13F-HR, disclosing $429.8 million in assets under management across 68 positions for the period ending September 30, 2025. The portfolio shows a strong concentration in large-cap U.S. technology, financial, and consumer discretionary stocks.
• Market Impact: As a standard quarterly disclosure of long-held positions, the immediate market impact is typically minimal. The data is backward-looking but provides insight into the firm's investment strategy and sector allocations.

Filer Information

Field	Value
Filer Name	Stokes Capital Advisors, LLC
CIK	0001734460
Type	Institutional Investment Manager
Total AUM Reported	$429,818,536

Filing Details

Field	Value
Form Type	13F-HR (Holdings Report)
Filing Date	2025-10-09
Period of Report	2025-09-30
Accession Number	0001085146-25-005873

Portfolio Overview

This filing is a holdings report, not a transactional report. It details the firm's long equity positions as of the end of the quarter. No individual insider transactions are reported in a 13F.

Top 10 Holdings by Market Value

Issuer	Value (USD)	Shares
Microsoft Corp	$20,619,590	39,810
Broadcom Inc	$20,223,813	61,301
TJX Cos Inc New	$15,538,484	107,503
JPMorgan Chase & Co.	$14,816,063	46,971
McDonald's Corp	$12,489,879	41,100
American Express Co	$11,722,923	35,293
Visa Inc	$11,467,979	33,593
Apple Inc	$11,398,003	44,763
Williams Cos Inc	$10,587,369	167,125
Costco Whsl Corp New	$10,520,711	11,366

Portfolio Analysis

Sector Concentration

• The portfolio is heavily weighted towards Information Technology (e.g., Microsoft, Broadcom, Apple, Visa), Financials (e.g., JPMorgan, American Express), and Consumer Discretionary (e.g., TJX, McDonald's, Costco).
• There is also significant exposure to Industrials, Health Care, and Energy through various blue-chip names.

Investment Strategy Insights

• Core Strategy: The holdings suggest a core strategy focused on established, dividend-paying, large-cap companies. This is a relatively conservative approach aimed at long-term growth and capital preservation.
• Diversification: With 68 holdings, the portfolio is reasonably diversified across multiple sectors, although with a clear preference for U.S. market leaders.
• ETFs: The inclusion of several ETF positions (e.g., PIMCO, Vanguard, iShares) indicates a strategy that also utilizes broader market or sector-specific exposure alongside individual stock picking.

Contextual Analysis

Purpose of a 13F-HR Filing

• A Form 13F-HR is a quarterly report required by the SEC for institutional investment managers exercising investment discretion over $100 million or more in certain equity securities.
• It provides transparency into the holdings of large investors, allowing the public and regulators to see their positions at the end of each quarter.

Limitations of 13F Data

• Backward-Looking: The data is as of September 30, 2025, and may not reflect the firm's current portfolio.
• Long Positions Only: 13F filings do not include short positions, cash, or certain other types of assets, providing an incomplete picture of the manager's overall strategy.
• No Transaction Timing: The report does not show when the securities were bought or sold during the quarter, only the final holding.

---

IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-09 | Data source: SEC EDGAR